SoundHound AI, Inc. (NASDAQ:SOUNW) Short Interest Update

SoundHound AI, Inc. (NASDAQ:SOUNW) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 31,700 shares, an increase of 240.9% from the February 13th total of 9,300 shares. Based on an average trading volume of 254,100 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On SoundHound AI

An institutional investor recently raised its position in SoundHound AI stock. Jane Street Group LLC grew its position in shares of SoundHound AI, Inc. (NASDAQ:SOUNW) by 13.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 79,155 shares of the company’s stock after purchasing an additional 9,174 shares during the quarter. Jane Street Group LLC’s holdings in SoundHound AI were worth $915,000 as of its most recent SEC filing.

SoundHound AI Stock Performance

SOUNW stock opened at $4.17 on Friday. The company’s 50 day moving average is $6.63 and its 200 day moving average is $5.07. SoundHound AI has a 1-year low of $1.21 and a 1-year high of $21.50.

SoundHound AI Company Profile

SoundHound AI, Inc develops independent voice artificial intelligence (AI) solutions that enables businesses across automotive, TV, and IoT, and to customer service industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI that integrates with knowledge domains, pulling real-time data like weather, sports, stocks, flight status, and restaurants; and SoundHound Smart Answering is built to offer customer establishments custom AI-powered voice assistant.